Latest news with #AdaniEnterprisesLtd
Mint
3 days ago
- Business
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 30 June
On Friday, 27 June 2025, the Indian stock market ended the week on a strong note, driven by continued positive momentum and broad-based buying interest across key sectors. After a steady open, the indices maintained an upward bias throughout the session, supported by declining volatility and improved sentiment. Top three stocks recommended by Ankush Bajaj for 30 June Adani Enterprises Ltd (ADANIENT): Current price: ₹2,646.00 Why it's recommended: Adani Enterprises is showing a bullish setup backed by positive momentum. On the daily chart, the RSI is at 64, reflecting strength with scope for further upside. The stock is currently trading within a previous gap, and if it starts to fill, there is a high probability of it moving quickly toward the ₹2,800 level. Gap-filling patterns tend to act as strong technical catalysts when supported by momentum. Key metrics: Breakout zone: Gap area initiated near ₹2,620-2,640, Support (stop loss): ₹2,558 Pattern: Gap-fill setup with bullish continuation structure RSI: 64 on the daily chart—supports sustained bullish momentum Technical analysis: Price is trading within a gap zone on the daily chart, and momentum indicators are strengthening. If the gap begins to fill, upward movement could accelerate toward ₹2,800+, with the stock staying firmly above its short-term moving averages. Risk factors: A close below ₹2,558 would invalidate the gap-fill thesis and suggest a pause in the uptrend. Minor pullbacks may occur if broader market conditions soften. Buy at: ₹2,646.00 Target price: ₹2,810 Stop loss: ₹2,558 Also Read: Four oil-related stocks to keep on your watchlist IndusInd Bank Ltd (INDUSINDBK): Current price: ₹857.00 Why it's recommended: IndusInd Bank is showing a bullish setup backed by both technical momentum and supportive developments. On the daily chart, the RSI is at 61, indicating healthy upside potential without being overbought. On the lower timeframe, the stock has broken out of a rectangle consolidation pattern, signalling a continuation of the uptrend. Additionally, sentiment is boosted by the news that Rajiv Anand is a strong contender for the CEO position, which could act as a fundamental catalyst for sustained buying interest. Key metrics: Breakout zone: ₹850– ₹854 (validated on intraday chart), Support (stop loss): ₹846 Pattern: Rectangle breakout on the lower timeframe RSI: 61 on the daily chart—supports sustained bullish momentum Technical analysis: Price has broken out from a rectangle formation on the intraday chart, confirming a shift from consolidation to an upward trend. The stock is trading above key short-term moving averages, and the RSI reading at 61 suggests that bullish momentum has room to continue. This setup is further reinforced by a supportive price structure and strong positioning. Risk factors: A close below ₹846 would invalidate the breakout setup and may lead to sideways or corrective movement. Minor consolidation could occur if broader market momentum slows. Buy at: ₹857.00 Target price: ₹892 Stop loss: ₹846 Also Read: Lalithaa Jewellery IPO: Is the gold rush hiding governance glitches? State Bank of India (SBIN): Current price: ₹805.00 Why it's recommended: State Bank of India is displaying a bullish technical setup with improving momentum. On the daily chart, the RSI is at 55, indicating balanced momentum with ample room for upside. The stock has recently completed a reverse head and shoulders pattern around the ₹800 level, a classic bullish reversal structure. The successful breakout from this pattern suggests potential for continued upward movement, with the initial measured target set at ₹850+. Key metrics: Breakout zone: ₹800 (validated on daily chart), Support (stop loss): ₹780 Pattern: Reverse head and shoulders breakout on the daily timeframe RSI: 55 on the daily chart—supports emerging bullish momentum Technical analysis: Price action has confirmed a breakout from a reverse head and shoulders formation near ₹800, indicating a transition from consolidation to a bullish trend. The RSI remains supportive, and the stock is trading above key short-term moving averages, further validating the breakout. If follow-through buying continues, the stock has potential to move toward and even beyond the ₹850 level. Risk factors: A close below ₹780 would invalidate the bullish pattern and may lead to a retest of lower levels. Price may also face minor consolidation if broader market cues weaken. Buy at: ₹805.00 Target price: ₹850 Stop loss: ₹780 Also Read: These 5 automation stocks have delivered less-than-stellar returns, but still deserve to be on your watchlist Market wrap The Nifty 50 climbed 88.8 points, or 0.35%, to close at 25,637.80, marking another decisive bullish close. The BSE Sensex rose 303.03 points, or 0.36%, ending at 84,058.90. The Bank Nifty, while largely range-bound during the day, also closed on a firmer note at a record high, with a modest gain of approximately 0.2%. In the sectoral space, gains were visible across most indices, with capital goods, healthcare, oil & gas, power, telecom, and banking leading the rally. These sectors rose between 0.5% and 1%, reflecting confidence returning to the market and strength in both domestic and global-facing themes. The only major laggard of the day was the realty index, which declined around 1%, likely due to profit booking after recent outperformance. Among the top gainers, Jio Financial Services surged by 3.9% following strong institutional interest, Asian Paints advanced by 3.2% on improved volume activity, and Apollo Hospitals gained 2.9%, contributing to the bullish breadth of the market. On the flip side, Dr. Reddy's Laboratories fell 1.55%, Tech Mahindra declined by nearly 1%, and Wipro slipped 1.2%, as traders booked profits in select IT and pharma counters after recent rallies. Nifty technical analysis daily and hourly The Nifty continued its upward journey with a positive close of 89 points at 25,637.80, reinforcing the ongoing bullish momentum observed over the past sessions. On the weekly chart, the index has ended near its highs, indicating that the rally is likely to extend into the coming week. The daily chart further confirms this strength, as follow-through buying from the previous session sustained the positive momentum. The Bollinger Bands on the daily chart are expanding, and prices are tracking the upper band, which typically signals the potential for further gains. Technically, the Nifty remains well above its short-term moving averages. On the daily time frame, it is comfortably trading above the 20-day simple moving average (around 24,977) and the 40-day exponential moving average (around 24755). On the hourly chart, the Nifty is positioned above both the 20-hour and 40-hour moving averages, placed at approximately 25,438 and 25,304, respectively, underscoring near-term strength. Momentum indicators also support the bullish setup. The hourly MACD is at 145, showing strong short-term upward momentum, while the RSI on the hourly chart stands at an elevated 75, suggesting that the market is in overbought territory but still trending strongly. On the daily chart, the RSI is at 67, which remains in bullish territory, and the MACD is even stronger at 205, reinforcing the positive bias. Option data further strengthens the bullish outlook. The total Call Open Interest (OI) stands at 10.97 crore contracts, while the total Put OI is higher at 13.01 crore, resulting in a net OI difference of 2.04 crore in favour of puts. This indicates that market participants are building more protective positions or directional bets on the upside. The Put-Call Ratio (PCR) stands at a healthy 1.2, reflecting bullish undertones. The strike with the highest Call OI is 26,000, while the highest change in Call OI is seen at 27,300, indicating that traders expect resistance around these levels but are positioning for a potential breakout. On the Put side, the highest OI is concentrated at the 25,500 strike, with the highest change in OI seen at 25,600, showing that this zone is likely to act as strong support. The total change in Call OI is 4.09 crore, and Put OI change is slightly higher at 4.67 crore, resulting in a net change difference of 57.21 lakh in favour of puts — again supporting the bullish trend. Additionally, market sentiment remains favourable, with India VIX down by 1.40% at 12.38, reflecting lower implied volatility and increased investor confidence. Market breadth is also positive, with 1,668 advances versus 1,235 declines on the NSE. In summary, technical indicators, momentum oscillators, and derivative data collectively suggest that the Nifty's rally is likely to continue. Key resistance lies around 25,900–26,000, while support is expected around 25,500-25,550, with deeper support at 25,200. Intraday dips toward these support zones can be viewed as buying opportunities in line with the prevailing trend. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
7 days ago
- Business
- Business Standard
Adani Enterprises Ltd spurts 1.61%, up for fifth straight session
Adani Enterprises Ltd is quoting at Rs 2568, up 1.61% on the day as on 12:44 IST on the NSE. The stock is down 19.12% in last one year as compared to a 5.65% jump in NIFTY and a 3.72% jump in the Nifty Metal. Adani Enterprises Ltd is up for a fifth straight session today. The stock is quoting at Rs 2568, up 1.61% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.62% on the day, quoting at 25402.2. The Sensex is at 83287.99, up 0.64%. Adani Enterprises Ltd has gained around 1.09% in last one month. Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has gained around 1.17% in last one month and is currently quoting at 9329.2, up 0.8% on the day. The volume in the stock stood at 6.67 lakh shares today, compared to the daily average of 9.7 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 2562.2, up 1.19% on the day. Adani Enterprises Ltd is down 19.12% in last one year as compared to a 5.65% jump in NIFTY and a 3.72% jump in the Nifty Metal index.
Time of India
25-06-2025
- Business
- Time of India
Our most transformative project is unfolding in Dharavi, says Gautam Adani, ET Infra
Advt Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. As the Adani Group attempts to build on the existing characteristics of Dharavi, create a world-class district for Dharavikars and reimagine a new heart for Mumbai, Group Chairman Gautam Adani said on Tuesday that their most transformative project is unfolding in Dharavi Redevelopment Project (DRP) is a unique opportunity to transform the lives and 'live-work' conditions of Dharavikars, aiming for a higher quality of life with great infrastructure and public amenities."Asia's largest slum is now being reimagined as India's most ambitious urban rehabilitation project ," said Gautam Adani while addressing the 33rd Annual General Meeting (AGM) of Adani Enterprises Ltd (AEL)."Our Dharavi Social Mission is uplifting youth through skilling, healthcare and employment programs. And over one million people will move from narrow lanes to a township that will feature spacious layouts, dual toilets, open spaces, schools, hospitals, transit hubs and parks," he Dharavi Master Plan is built on the foundation of three guiding principles: driving economic change through redevelopment, building resilient ecology and infrastructure, and fostering an equitable an interconnected network of green and public spaces -- ranging from large city parks to smaller community playgrounds -- will ensure that every resident has access to vibrant, walkable open areas. This network will strengthen ecological resilience and enhance everyday quality of life in Dharavi.A large active public open space is planned in the centre of Dharavi that will not only serve the recreation needs of the residents but also of Mumbai city at large, where Dharavi and Mumbai residents can come together for celebrations and will be transformed into a highly transit-oriented development with seamless multi-modal connectivity, including a new metro corridor through its core. Bus feeder systems, dedicated infrastructure for non-motorised transport, and a fine-grain street network will enhance last-mile connectivity and promote walkability across all the heart of Dharavi, a Multi-Modal Transit Hub ( MMTH ) is planned around the fact that it would have the first-ever facility where inter-city, intra-city, suburban, Metro, High-Speed, and Airport express trains could be accessed besides city bus and other city transport -- all at one location.
NDTV
24-06-2025
- Business
- NDTV
Greatest Chapters Of Our Story Are Still Ahead: Gautam Adani On Robust Growth
Ahmedabad: Even in the face of the storms and relentless scrutiny, the Adani Group has never backed down, Group Chairman Gautam Adani said on Tuesday, adding that instead, we proved that true leadership is not built in sunshine - it is constructed in the fire of crisis. "We live in a world where negativity often echoes louder than the truth. And as we cooperate with legal processes, let me also restate that our governance is of global standards, and our compliance frameworks are non-negotiable," said the billionaire industrialist while addressing Adani Enterprises Ltd's Annual General Meeting (AGM). In terms of consolidated numbers, at the Group level, revenues grew by 7 per cent, EBITDA by 8.2 per cent, and Net Debt-to-EBITDA ratio remained healthy at 2.6x. Total revenues were Rs 2,71,664 crore and adjusted EBITDA was Rs 89,806 crore. "Our capital investment across businesses is set to break all records. We anticipate an annual CAPEX spend of $15-20 billion for the next five years. These are not just investments in our Group, but investments in the possibilities for doing our part to build India's infrastructure," said Gautam Adani. He also outlined some of the programmes that excite him the most. "Exactly three years ago, on my 60th birthday, my family pledged Rs 60,000 crore to redefine healthcare, education, and skill development in India. The Adani Healthcare Temples are our first major step -- world-class, affordable 1,000-bed campuses in Ahmedabad and Mumbai with medical colleges, research centres and wellness spaces all integrated together. Mayo Clinic is our partner in guiding us to create a future-ready, AI-powered, patient-first healthcare ecosystem," Gautam Adani stated. In parallel, the Group have committed Rs 2,000 crore to build a world-class skill university and finishing school in Mundra, designed to empower youth from across India. "Through Schools of Excellence, global certifications and partnerships with leaders like ITEES Singapore and IGCC, we aim to create an industry-ready workforce," said Gautam Adani. "Let me end by talking about our participation at the Maha Kumbh Mela. Over 650 million people came together, not as strangers, but as -- One soul. One purpose. One heartbeat. Along with ISKCON, the Adani Group initiated the Mahaprasad Seva, offering free meals to lakhs of devotees. More than 5,000 of our employees volunteered, reflecting the values we cherish," he emphasised. "At the Triveni Sangam, I had the honour of performing the sacred Ganga Aarti with my family -- and for the Adani Group to be part of this event was one of the most moving days of my life," the Adani Group Chairman added. He concluded by saying that a nation's future is not written in policy documents -- it is written in the risks its entrepreneurs dare to take. We are not laying concrete. We are laying conviction -- highways that carry ambition, ports that ship hope, and grids that light up futures. "And history should remember us -- not for the size of our balance sheet, but for the strength of our backbone. Not for the markets we entered, but for the storms we handled and emerged stronger. For it is easy to lead in sunshine, but true leadership is forged in the face of crisis," he highlighted.
Hans India
24-06-2025
- Business
- Hans India
The greatest chapters of our story are still ahead: Gautam Adani on robust growth
Ahmedabad: Even in the face of the storms and relentless scrutiny, the Adani Group has never backed down, Group Chairman Gautam Adani said on Tuesday, adding that instead, we proved that true leadership is not built in sunshine - it is constructed in the fire of crisis. 'We live in a world where negativity often echoes louder than the truth. And as we cooperate with legal processes, let me also restate that our governance is of global standards, and our compliance frameworks are non-negotiable,' said the billionaire industrialist while addressing Adani Enterprises Ltd's Annual General Meeting (AGM). In terms of consolidated numbers, at the Group level, revenues grew by 7 per cent, EBITDA by 8.2 per cent, and Net Debt-to-EBITDA ratio remained healthy at 2.6x. Total revenues were Rs 2,71,664 crore and adjusted EBITDA was Rs 89,806 crore. 'Our capital investment across businesses is set to break all records. We anticipate an annual CAPEX spend of $15-20 billion for the next five years. These are not just investments in our Group, but investments in the possibilities for doing our part to build India's infrastructure,' said Gautam Adani. He also outlined some of the programmes that excite him the most. 'Exactly three years ago, on my 60th birthday, my family pledged Rs 60,000 crore to redefine healthcare, education, and skill development in India. The Adani Healthcare Temples are our first major step -- world-class, affordable 1,000-bed campuses in Ahmedabad and Mumbai with medical colleges, research centres and wellness spaces all integrated together. Mayo Clinic is our partner in guiding us to create a future-ready, AI-powered, patient-first healthcare ecosystem,' Gautam Adani stated. In parallel, the Group have committed Rs 2,000 crore to build a world-class skill university and finishing school in Mundra, designed to empower youth from across India. 'Through Schools of Excellence, global certifications and partnerships with leaders like ITEES Singapore and IGCC, we aim to create an industry-ready workforce,' said Gautam Adani. 'Let me end by talking about our participation at the Maha Kumbh Mela. Over 650 million people came together, not as strangers, but as -- One soul. One purpose. One heartbeat. Along with ISKCON, the Adani Group initiated the Mahaprasad Seva, offering free meals to lakhs of devotees. More than 5,000 of our employees volunteered, reflecting the values we cherish,' he emphasised. 'At the Triveni Sangam, I had the honour of performing the sacred Ganga Aarti with my family -- and for the Adani Group to be part of this event was one of the most moving days of my life,' the Adani Group Chairman added. He concluded by saying that a nation's future is not written in policy documents -- it is written in the risks its entrepreneurs dare to take. We are not laying concrete. We are laying conviction -- highways that carry ambition, ports that ship hope, and grids that light up futures. 'And history should remember us -- not for the size of our balance sheet, but for the strength of our backbone. Not for the markets we entered, but for the storms we handled and emerged stronger. For it is easy to lead in sunshine, but true leadership is forged in the face of crisis,' he highlighted.
